Earnings Per Share

9 Months Ended

Aug. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding plus the effect of outstanding dilutive stock options, restricted stock units and deferred stock units, using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings per share from continuing operations on an interim basis (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	August 31, 2014		August 31, 2013		August 31, 2014		August 31, 2013
Income from continuing operations	$	11,095	$	7,204	$	34,994	$	25,159
Weighted average shares outstanding	50,383		53,532		50,975		55,451
Dilutive impact from common stock equivalents	548		857		615		841
Diluted weighted average shares outstanding	50,931		54,389		51,590		56,292
Basic earnings per share from continuing operations	$	0.22	$	0.13	$	0.69	$	0.45
Diluted earnings per share from continuing operations	$	0.22	$	0.13	$	0.68	$	0.45

We excluded stock awards representing approximately 351,000 shares and 383,000 shares of common stock from the calculation of diluted earnings per share in the three and nine months ended August 31, 2014, respectively, because these awards were anti-dilutive. In the three and nine months ended August 31, 2013, we excluded stock awards representing 455,000 shares and 875,000 shares of common stock, respectively, from the calculation of diluted earnings per share.